Rising costs, lower revenues for European wind and solar lift PPA breakeven points
Breakeven levels for European wind and solar power purchase agreements increased in 2023 amid higher project costs and falling revenue forecasts, according to a report by S&P Global Commodity Insights. Modelled breakeven points for standard 10-year PPAs starting in 2025 rose above forward curve-based indexes, with Spanish wind and solar contracts seen around Eur70/MWh, up Eur10/MWh and Eur5/MWh, respectively, since…Breakeven levels for European wind and solar power purchase agreements increased in 2023 amid higher project costs and falling revenue forecasts, according to a report by S&P Global Commodity Insights. Modelled breakeven points for standard 10-year PPAs starting in 2025 rose above forward curve-based indexes, with Spanish wind and solar contracts seen around Eur70/MWh, up Eur10/MWh and Eur5/MWh, respectively, since… Read More
